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please answer every part! thank you :) please make answers clear. Wildhorse Farm Supply Company manufactures and sells a pesticide called Snare. The following data
please answer every part!
Wildhorse Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2022. 1. Sales. quarter 1,28,600 bags: quarter 2,42,800 bags. Selling price is $63 per bag. 2. Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $4 per pound and 6 pounds of Tarr at $1.5 per pound. 3. Desired inventory levels: 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $177,000 per quarter. 6. Interest expense is $100,000. 7. Income taxes are expected to be 20% of income before income taxes. Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $299,000 in quarter 1 and $427,500 in quarter 2. Prepare the sales budget. Prepare the production budget. Prepare the production budget. Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.) Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, es. for 45 minutes the proportion will be 0.75. J Prepare the selling and administrative experse budget. Prepare the budgeted multiple-step income statement for the first 6 months. (Round intermediate calculations to 2 decimal places and final answer to 0 decimal places, e.8. 1,255.) thank you :)
please make answers clear.
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